Mecka AI Nears $500 Million Sequoia-Led Round, 3 Months After $60 Million Raise
Updated
Updated · TechCrunch · Sep 11
Mecka AI Nears $500 Million Sequoia-Led Round, 3 Months After $60 Million Raise
1 articles · Updated · TechCrunch · Sep 11
Summary
$500 million is the valuation Mecka AI is nearing in a new funding round led by Sequoia Capital, according to two people familiar with the deal; terms are not final.
The financing comes just three months after the robot-data startup announced a $60 million round led by Framework Ventures, signaling fast investor appetite for companies supplying training data for humanoid robots.
Mecka pays people to record everyday tasks with body sensors and smartphones, aiming to ease what its founders see as robotics' main bottleneck: scarce physical-world data for training general-purpose machines.
By early June, Mecka projected a $100 million annual run rate by the end of 2026, as investors also back rivals such as XDOF, which was recently reported to be nearing a $1.2 billion valuation.